Panel set up to tighten laws to tackle black money
TNN | May 29, 2011, 01.22am ISTNEW DELHI: The government on Saturday announced the setting up of a panel to examine tightening of laws to curb the growth of black money and suggest ways to declare illegally generated wealth as national asset.
The UPA government has been under immense pressure on the issue of black money and has taken some steps to tackle the issue but has faced strong criticism from the courts, political parties and civil society groups for failing to stamp out the menace. Several high profile scams since last year have dented the government's image and given strength to the anti-corruption movement by civil society groups.
A finance ministry statement said the government had constituted a committee headed by the chairman of the Central Board of Direct Taxes (CBDT) to examine ways to strengthen laws to curb the generation of black money in the country, its illegal transfer abroad and its recovery.
The panel includes the director, Enforcement Directorate(ED), Director-General, Directorate of Revenue Intelligence (DRI), Director-General (Currency), and other top tax and revenue department officials. The commissioner of income tax (Investigations) of the CBDT would be its member secretary.
The committee will examine the existing legal and administrative framework to deal with the menace of generation of black money through illegal means. It will also discuss and suggest steps for enacting or amending laws to confiscate and recover such assets, and providing for exemplary punishment against its perpetrators.
The panel will consult all stakeholders and is expected to submit its report within six months.
Panel set up to tighten laws to tackle black money
TNN | May 29, 2011, 01.22am ISTThe UPA government has been under immense pressure on the issue of black money and has taken some steps to tackle the issue but has faced strong criticism from the courts, political parties and civil society groups for failing to stamp out the menace. Several high profile scams since last year have dented the government's image and given strength to the anti-corruption movement by civil society groups.
A finance ministry statement said the government had constituted a committee headed by the chairman of the Central Board of Direct Taxes (CBDT) to examine ways to strengthen laws to curb the generation of black money in the country, its illegal transfer abroad and its recovery.
The panel includes the director, Enforcement Directorate(ED), Director-General, Directorate of Revenue Intelligence (DRI), Director-General (Currency), and other top tax and revenue department officials. The commissioner of income tax (Investigations) of the CBDT would be its member secretary.
The committee will examine the existing legal and administrative framework to deal with the menace of generation of black money through illegal means. It will also discuss and suggest steps for enacting or amending laws to confiscate and recover such assets, and providing for exemplary punishment against its perpetrators.
The panel will consult all stakeholders and is expected to submit its report within six months.
PM is good person, Sonia creating problems: Hazare
PTI | May 29, 2011, 07.01am ISTAnti-graft activist Anna Hazare on Saturday appeared to target Congress president Sonia Gandhi.
He said, "PM is a good person. PM is not bad. Problem comes because of the remote control," he told a public meeting, in an obvious reference to the Congress president without naming her. Then he went on to say, "Now, we are all confident that in every government, people's power is the strongest."
Hazare said if the Lokpal Bill is not enacted by August 16, he would return to Jantar Mantar to hold a fast-to-death protest and urged people of Karnataka for a "jail-bharo" (fill prison movement) then.
He said, "PM is a good person. PM is not bad. Problem comes because of the remote control," he told a public meeting, in an obvious reference to the Congress president without naming her. Then he went on to say, "Now, we are all confident that in every government, people's power is the strongest."
Hazare said if the Lokpal Bill is not enacted by August 16, he would return to Jantar Mantar to hold a fast-to-death protest and urged people of Karnataka for a "jail-bharo" (fill prison movement) then.
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